systemdb: what changed
systemdb
Largest movements
- Cash -€28,507
down €28,507 (-50.4%), from €56,617 to €28,110
mainly Other debts (-€22,127) and Tax, wage and social debts (-€16,041)
- Tangible fixed assets -€11,745
down €11,745 (-44.9%), from €26,184 to €14,438
- Deferred charges and accrued income -€2,916
down €2,916 (-21.4%), from €13,645 to €10,729
- Other debts -€22,127
down €22,127 (-100%), from €22,127 to €0
- Tax, wage and social debts -€16,041
down €16,041 (-100%), from €16,041 to €0
- Reserves -€11,523
down €11,523 (-15.9%), from €72,366 to €60,843
- Trade debts +€7,801
up €7,801 (+232%), from €3,369 to €11,170
- Gross operating margin -€105,271
down €105,271 (-98.6%), from €106,764 to €1,494
- Taxes -€19,202
down €19,202 (-99.5%), from €19,296 to €94
- Financial charges -€2,575
down €2,575 (-80.1%), from €3,213 to €638
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,988 | €74,513 | -€42,475 | -36.3% |
| Fixed assets | 21/28 | €26,184 | €14,438 | -€11,745 | -44.9% |
| Tangible fixed assets | 22/27 | €26,184 | €14,438 | -€11,745 | -44.9% |
| Plant, machinery and equipment | 23 | €1,777 | €1,092 | -€685 | -38.5% |
| Furniture and vehicles | 24 | €10,436 | €4,950 | -€5,486 | -52.6% |
| Other tangible fixed assets | 26 | €13,970 | €8,396 | -€5,574 | -39.9% |
| Current assets | 29/58 | €90,804 | €60,075 | -€30,730 | -33.8% |
| Amounts receivable within one year | 40/41 | €20,543 | €21,236 | +€693 | +3.4% |
| Trade receivables | 40 | €20,174 | €11,075 | -€9,100 | -45.1% |
| Other amounts receivable | 41 | €369 | €10,161 | +€9,793 | +2,657% |
| Cash at bank and in hand | 54/58 | €56,617 | €28,110 | -€28,507 | -50.4% |
| Deferred charges and accrued income | 490/1 | €13,645 | €10,729 | -€2,916 | -21.4% |
| Total equity and liabilities | 10/49 | €116,988 | €74,513 | -€42,475 | -36.3% |
| Equity | 10/15 | €74,866 | €63,343 | -€11,523 | -15.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €72,366 | €60,843 | -€11,523 | -15.9% |
| Distributable reserves | 133 | €72,366 | €60,843 | -€11,523 | -15.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €42,122 | €11,170 | -€30,952 | -73.5% |
| Amounts payable within one year | 42/48 | €42,122 | €11,170 | -€30,952 | -73.5% |
| Financial debts | 43 | €585 | €0 | -€585 | -100% |
| Credit institutions | 430/8 | €585 | €0 | -€585 | -100% |
| Trade debts | 44 | €3,369 | €11,170 | +€7,801 | +232% |
| Suppliers | 440/4 | €3,369 | €11,170 | +€7,801 | +232% |
| Taxes, remuneration and social security | 45 | €16,041 | €0 | -€16,041 | -100% |
| Taxes | 450/3 | €16,041 | €0 | -€16,041 | -100% |
| Other amounts payable | 47/48 | €22,127 | €0 | -€22,127 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,032 | €11,745 | +€713 | +6.5% |
| Other operating charges | 640/8 | €1,007 | €540 | -€467 | -46.4% |
| Gross operating margin | 9900 | €106,764 | €1,494 | -€105,271 | -98.6% |
| Operating profit (loss) | 9901 | €94,726 | -€10,791 | -€105,517 | |
| Financial income | 75/76B | €149 | €1 | -€149 | -99.7% |
| Recurring financial income | 75 | €149 | €1 | -€149 | -99.7% |
| Financial charges | 65/66B | €3,213 | €638 | -€2,575 | -80.1% |
| Recurring financial charges | 65 | €3,213 | €638 | -€2,575 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | €91,662 | -€11,429 | -€103,091 | |
| Income taxes | 67/77 | €19,296 | €94 | -€19,202 | -99.5% |
| Profit (loss) for the period | 9904 | €72,366 | -€11,523 | -€83,889 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,366 | -€11,523 | -€83,889 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.